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Are America's top chief executive officers (CEOs) really worth all that money? One way to answer...

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Statistics

Are America's top chief executive officers (CEOs) really worthall that money? One way to answer this question is to look at rowB, the annual company percentage increase in revenue, versus row A,the CEO's annual percentage salary increase in that same company.Suppose that a random sample of companies yielded the followingdata: B: Percent for company 21 11 16 20 5 8 4 22 A: Percent forCEO 18 5 14 22 10 12 1 17 Do these data indicate that thepopulation mean percentage increase in corporate revenue (row B) isdifferent from the population mean percentage increase in CEOsalary? Use a 1% level of significance. What is the value of thetest statistic? Select one: a. -0.730 b. -0.683 c. 0.683 d. 0.730e. -0.639

Answer & Explanation Solved by verified expert
3.6 Ratings (461 Votes)
At 001 level of significance the hypotheses areHere 2 sample test for the paired sample is    See Answer
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